CBRE catches the home-buying bug

The real-estate advisory group has opened a new department, which is a joint venture between CB Richard Ellis Poland and CB Richard Ellis Spain, in response to the growing international interest in the Polish residential market. It will specialize in land development and advisory, residential investments and joint ventures, residential, consultancy and market research as well as the marketing of residential developments.

"With the Polish residential market developing rapidly this seems a natural progression in the development of the Polish business. This will enable us to provide our clients with a combination of skills and contacts that will allow them to capitalise on the expanding area of residential development," says Mike Strong, chairman of CB Richard Ellis, EMEA.

Mikołaj Martynuska, the director of the new department, says that the company expects a great deal of interest from those wanting clarity on the status of the market and the delivery of residential developments. "The Polish property market is maturing very rapidly on the commercial side, but in the residential sector we see various areas where professional consultancy services are almost nonexistent," he adds.

Poland has a significant number of Spanish and international developers who are seeking advice on the residential market. The joint venture will benefit from the local knowledge of the Polish team and the experience of the Spanish residential team, who have been successful on the Spanish residential market with more than 117 residential developments commercialized with a combined value of EUR